EQT Corp
EQT

$32.36

2.1%

Market Cap: $14.3B

About: EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.

Employees: 881

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

49% more repeat investments, than reductions

Existing positions increased: 281 | Existing positions reduced: 189

27% more funds holding in top 10

Funds holding in top 10: 11 [Q1] → 14 (+3) [Q2]

24% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 78

7% more capital invested

Capital invested by funds: $15.7B [Q1] → $16.7B (+$1.05B) [Q2]

6.48% more ownership

Funds ownership: 96.07% [Q1] → 102.55% (+6.48%) [Q2]

3% more funds holding

Funds holding: 637 [Q1] → 656 (+19) [Q2]

19% less call options, than puts

Call options by funds: $267M | Put options by funds: $328M

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$32

1%

downside

Avg. target

$42

29%

upside

High target

$55

70%

upside

9 analyst ratings

5 positive

56%

4 neutral

44%

0 negative

0%

Citigroup Scott Gruber 26% 1-year accuracy 8 / 31 met price target	14%upside $37	Neutral Reinstated	23 Aug 2024
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target	1%downside $32	Neutral Downgraded	15 Aug 2024
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target	30%upside $42	Overweight Upgraded	14 Aug 2024
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target	33%upside $43	Overweight Maintained	25 Jul 2024
Stephens & Co. Mike Scialla 24% 1-year accuracy 5 / 21 met price target	42%upside $46	Equal-Weight Maintained	24 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about EQT published over the past 30 days

CNBC Television

EQT CEO on natural gas prices: Warmer-than-usual winter led to oversupply in U.S.

Toby Rice, EQT CEO, joins 'Money Movers' to discuss the recent price action in natural gas, if the election is a catalyst one way or the other, and more.

EQT CEO on natural gas prices: Warmer-than-usual winter led to oversupply in U.S.

CNBC Television

Final Trades: Tesla, EQT Corp and American Express

The Investment Committee gives you their top stocks to watch for the second half.

Final Trades: Tesla, EQT Corp and American Express

Schaeffers Research

Unpacking Oil & Gas Stock's Bull Note

EQT Corp (NYSE:EQT) stock is 0.2% higher at $31.20 at last check, following a bull note at Wells Fargo.

Unpacking Oil & Gas Stock's Bull Note

Top 3 Stocks to Watch: Options Traders Bet on Big Gains

Investors had to deal with the sudden volatility in the stock market last week after the S&P 500 erased trillions in wealth. Not to mention the additional losses suffered by the Nikkei 225 (Japan's version of an S&P 500), arguably initiating the downtrend altogether.

Top 3 Stocks to Watch: Options Traders Bet on Big Gains

The 3 Best Oil & Gas Stocks to Buy in August 2024

The stock market's tumble on Monday also spooked even the best oil and gas stocks. Because fears of a recession were the primary reason for the market's implosion, traders were worried about the impact on oil.

The 3 Best Oil & Gas Stocks to Buy in August 2024

EQT Advances into Phase 1 Planning of Clean Hydrogen Project

EQT, together with its peers in the Appalachian Regional Clean Hydrogen Hub, have advanced to Phase 1 Award Status from the U.S. Department of Energy PITTSBURGH , July 31, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced that its strategic plans to produce clean hydrogen and low carbon aviation fuel (LCAF) from its low emissions Appalachian natural gas will advance into Phase 1 planning following the execution of a cooperative agreement between the Appalachian Regional Clean Hydrogen Hub (ARCH2) and the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED). The agreement unlocks $30 million in initial funding for ARCH2 projects in Phase 1 from a potential $925 million that may be distributed in future phases, as designated by the Bipartisan Infrastructure Law, which establishes an investment of up to $7 billion for the Regional Clean Hydrogen Hubs (H2Hubs) Program.

EQT Advances into Phase 1 Planning of Clean Hydrogen Project

EQT taps advisors for strategic review of US business of Parques Reunidos, sources say

Private equity firm EQT has initiated a strategic review of the U.S. operations of Spanish amusement park operator Parques Reunidos that could lead to a sale of the business, according to two sources familiar with the matter.

EQT taps advisors for strategic review of US business of Parques Reunidos, sources say

Top 4 Energy Stocks That May Rocket Higher In Q3

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. `

Top 4 Energy Stocks That May Rocket Higher In Q3

Zacks Investment Research

EQT's Q2 Earnings Top Estimates on Gas Equivalent Production

Being a leading producer of natural gas in the United States, upstream business aids EQT's Q2 Earnings.

EQT's Q2 Earnings Top Estimates on Gas Equivalent Production

Independent Power Producers Sector Has Come Into Favor

One of the sectors we know well which had been out of favor for several years has quickly come into favor: Independent Power Producers (IPPs). We've invested a meaningful amount of our assets in VST specifically the past few years. In addition to Vistra, two other positions warrant brief updates: Summit Midstream Partners and Equitrans Midstream.

Independent Power Producers Sector Has Come Into Favor

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